cap hpi saves £94 million worth of vehicles for their owners
crushwatch saves millions worth of vehicles from being crushed
- £94 million is the highest ever recorded. Up 8% on last year
- Models saved include the Lamborghini Huracan, Ferrari 458, and Bentley Continental GT
- More than 113,000 vehicles were identified and saved for their owner
More than £94m of uninsured vehicles were saved from potentially being crushed in 2017. The haul included high-value vehicles that various Police forces had confiscated from uninsured drivers.
Working closely with the Police, the crushwatch service ensured that more than 113,000 vehicles, the equivalent of 310 each and every day, were saved from being scrapped last year by identifying and returning the vehicle and the valuable asset to the right owner usually the finance or leasing company.
The figures for 2017 were up 8% on last year, increasing the net worth over 2016 by £7 million. Six Lamborghini Huracans (worth between £147k-£186k) and one Lamborghini Aventador worth £318,000, were recovered. A Ferrari 458, Bentley Continental GT and Aston Martin Vanquish worth £134,000, £111,000 and £104,000 respectively were also recovered.
Whilst the supercars always make the headlines with people, the bulk of the recoveries, not surprisingly consisted of our every day vehicles. The Vauxhall Astra and Corsa, Volkswagen Golf, Ford Focus and the Ford Fiesta made up the top five, closely followed by the BMWs 1 Series, 3 Series, Mercedes C Class, Audi A3 and Ford Transit.
London’s Metropolitan Police was most prolific in tracking down the expensive uninsured cars, accounting for six of the top 10. Historically in such situations, the cars would either be sold on, often via auction or scrapped, without the owner ever being aware.
Barry Shorto, head of industry relations at cap hpi, said: “These are the highest annual figures in the eight years that the crushwatch scheme has been operational. Its success further illustrates the need to crack down on driving without insurance, drivers who are causing a risk to other road users and pedestrians. Our data reveals that drivers of supercars and premium vehicles are not exempt from this practice. Preventing this from happening is not just a safety issue but also about enabling finance companies across the UK to reclaim their vehicles which otherwise may have ended up at auction or on the scrap heap.”
Supercars’/high-worth vehicles recovered as part of crushwatch
|Lamborghini||Huracan||West Yorkshire Police||£164,500|
|Bentley||Continental GT||Greater Manchester Police||£111,400|
|Aston Martin||Vanquish||Metropolitan Police||£103,700|
Most common vehicles recovered by crushwatch
|Mercedes – Benz||C-class||312||£4,841,580|